Looking to diversify beyond CFRIX? The mutual funds below have the lowest correlation with CFRIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CFRIX.
Best Diversifiers for CFRIX
8 mutual funds have low correlation with CFRIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.11 | -0.02 | 0.07 | 84 | Bank Loan | CFRIX vs XPTFX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.12 | 0.11 | 0.08 | 92 | Hedge Fund | CFRIX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.12 | 0.12 | 0.08 | 91 | Macro Trading | CFRIX vs MBXAX | |
| RiverPark Floating Rate CMBS Fund | 0.17 | 0.13 | 0.18 | 100 | Bank Loan | CFRIX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.18 | — | — | 98 | Bank Loan | CFRIX vs CAPIX |
See all 26 diversifiers for CFRIX
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